Unlike a satellite launch vehicle, a sounding rocket performs an observation mission during its flight in space before impact. It usually comprises one or two stages. When the experiment is completed, the rocket dives into the sea along with its observation instruments.
Market Analysis and Insights Global and United States Sounding Rocket Market
This report focuses on global and United States Sounding Rocket market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Sounding Rocket market size is estimated to be worth US$ 119.5 million in 2022 and is forecast to a readjusted size of US$ 207.1 million by 2028 with a CAGR of 9.6% during the review period. While by Application, Geospace Science was the leading segment, accounting for over percent market share in 2021, and altered to an 12% CAGR throughout this forecast period.
The world’s core manufacturers of sounding rockets include Magellan Aerospace. The largest manufacturer has a market share of about 50%. North America is the world’s largest market, accounting for approximately 77% of the market share, followed by Asia Pacific and Europe, accounting for 13% and 10%, respectively. In the sounding rocket market, multi-stage sounding rockets and first-stage sounding rockets account for 65% and 35%, respectively. Among them, the most applications are geospatial science and education, accounting for 55% and 16% respectively.
Global Sounding Rocket Scope and Market Size
Sounding Rocket market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Sounding Rocket market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Sounding Rocket market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type, the Sounding Rocket market is segmented into
One Stage Sounding Rocket
Multistage Sounding Rocket
Segment by Application, the Sounding Rocket market is segmented into
Geospace Science
Education
Others
Regional and Country-level Analysis
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Competitive Landscape and Sounding Rocket Market Share Analysis
Sounding Rocket market competitive landscape provides details and data information by players. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2017-2022. It also offers detailed analysis supported by reliable statistics on revenue (global and regional level) by players for the period 2017-2022. Details included are company description, major business, company total revenue and the sales, revenue generated in Sounding Rocket business, the date to enter into the Sounding Rocket market, Sounding Rocket product introduction, recent developments, etc.
The major vendors covered
Magellan Aerospace
Northrop Grumman
Shaanxi Zhongtian Rocket Technology
IHI Aerospace
ISRO
Space Vector
Instituto de Aeronáutica e Espaço
Interstellar Technologies
Airbus
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